ADR Report-ADRs rise as US auto bailout boosts optimism

Newswire

By Deepa Seetharaman NEW YORK, Dec 30 (Reuters) - Overseas shares traded in the United States rose on Tuesday after the U.S. government took a $5 billion stake in GMAC, the financing arm of General Motors, in the latest attempt to limit the effects of the recession. The move helped boost hopes that the U.S. would do whatever necessary to jumpstart its economy, the world's largest. Stocks across all sectors gained, including financials, automakers and pharmaceutical companies. The Bank ...

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